Myanmar Announces Restriction of Some Investment Activities

Myanmar Investment Commission (MIC) has announced restriction of some investment activities, as some sectors will only allow investment by the state.

According to Global New Light of Myanmar Friday, sectors restricted to state investment include security and defense, arms and ammunition for national defense, national postage stamps, establishment of post offices and post boxes, air traffic, pilotage services, natural forest and forest area except businesses relating to reduction of carbon emission, radioactive metals such as uranium and thorium, electric power system and electrical works.

Meanwhile, 12 sectors are open for foreign investment including fresh water fisheries and relevant services, publishing and distribution of periodicals in ethnic languages including Burmese, among others.

A total of 6.874 billion U.S. dollars of annual foreign direct investment from 135 foreign enterprises entered Myanmar in the last fiscal year 2016-17 which ended in March, bringing the total foreign investment to 70.35 billion U.S. dollars since late 1988.

Myanmar targets over 6 billion dollars’ foreign investment inflow in the current FY 2017-18.


Source: Xinhua

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

 Opportunities from COVID19


Looking for foreign investors to invest in your business in Myanmar